Global Block chain in Supply Chain Market Growth Recorded at 87.0% CAGR during the Forecast Period 2018-2023

A blockchain is basically a distributed digital ledger which records transactions in a proper series of blocks. It is available in multiple copies that are spread over multiple computers, termed as anodes. This ledger is secured since every new block of transactions is associated again to previous blocks such that tampering is practically impossible. The global market for blockchain in supply chain is quite promising and might advance swiftly in the coming years. In order to study the concerned market further, a new research report titled “Global Blockchain in Supply Chain Market (2018-2023)”, has been included to the wide database of Market Research Hub (MRH). The study focuses on the industry projections and influencing factors that are likely to push the blockchain in supply chain market during the forecast period.

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A rising need for supply chain transparency as well as increasing demand for improved security of supply chain transactions are likely to motivate the market during the forecast period. As per research findings, the global blockchain in supply chain market is anticipated to have a substantial compounded annual growth rate of 87.0%, with the market size rising till USD 3,314.6 Mn by 2023. The research report starts with the executive summary and further details about market overview which comprises of market trends, geography-wise market revenue and market attractiveness analysis. Readers can even acquire details associated to value chain analysis and market dynamics (drivers and challenges).

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Based on type of industry, the blockchain in supply chain market is divided into public, private and consortiums. Furthermore, on the basis of application of the industry, the concerned market is segmented into payment system, contract management procurement, ownership transfer, provenance, inventory control and asset tracking. Moreover, based on the protocols of the industry, the global market for blockchain in supply chain is divided into bitcoin, ripple consensus network, ethereum, hyperledger, symbiont, R3s corda, distributed ledgers and others. Each of these segments is examined smartly by factoring in revenue, sales and market size, with an aim to understand the possibility for growth and scope.

The final section of the report discusses the prime players functioning in the global blockchain in supply chain market. Some of the major vendors studied in the report are Abra, Bitfury Group Limited, AlphaPoin, BTL Group Ltd, Bloq, Digital Asset Holding LLC, Coinbase, Ethereum Foundation, Internation Machine Business Corporation, Guardtime, IBM, Microsoft, Blockcypher, Inc., Skuchain, Romit and Primechain Technologies Pvt. Ltd, among others.

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This release was published on openPR.